NN, Inc. (NASDAQ: NNBR), a global diversified industrial company
that manufactures high-precision components and assemblies, today
announced the promotion of three senior leaders to new roles. These
leadership appointments are a part of a broader strategy to help
ensure NN’s leadership in helping its customers grow, delivering
precision engineered products, and better enabling growth for the
company. The three promotions elevate these leaders to the Vice
President and General Manager role for each of NN’s two groups and
for Asia Pacific, and are as follows:
- Douglas Campos will lead the Company’s Mobile Solutions
Group;
- Gunars Vinkels will lead the Company’s Power Solutions Group;
and,
- Jeff Fenwick will lead the Company’s Asia/Pacific region, which
encompasses both Mobile and Power Solutions plants.
Douglas Campos is a 19-year veteran of NN and brings
engineering, operations, and sales experience to his new role. Mr.
Campos began his career in his native country of Brazil, rising
through the ranks from commercial and sales roles through
operations, Brazil market leadership, and ultimately to the COO of
Mobile Solutions, a role he has held since 2022. Mr. Campos holds
bachelor’s and master’s degrees in chemical engineering from
Federal University of Rio de Janeiro and received his MBA from
Fundacao Dom Cabral in Brazil.
“Our customers are facing a number of market pressures and
ongoing changes,” said Harold Bevis, NN’s President and Chief
Executive Officer. “Douglas is the right leader to drive growth for
the business as demand for our products evolves. We remain focused
on delivering best-in-class components to our customers, and
Douglas brings the deep experience in customer success, sales, and
the engineering necessary to deliver critical value.”
Gunars Vinkels is a 30-year veteran of NN and its acquired
companies, with expertise in engineering and all aspects of
operations. Mr. Vinkels began his career as a manufacturing
engineer at Precision Engineered Products (PEP) and helped build
the organization’s market presence in China before PEP was acquired
by NN in 2015. In his new role, he is responsible for growing the
Power Solutions Group’s presence within the automotive, defense,
aerospace, industrial, and other markets.
Mr. Bevis said, “Gunars brings a wealth of experience to this
role. As a company with a global footprint and employees around the
world, we see significant potential for innovation and growth for
the business, and I’m confident in Gunars’ ability to accelerate
NN’s growth while meeting the needs of our customers.”
Jeff Fenwick, a 12-year veteran of NN, brings deep experience in
engineering, operations management, and new business development
with strong ties to China as General Manager of NN, Inc.’s joint
venture with Weifu High Technology Group (“Weifu”) for three years.
In his new role, Mr. Fenwick is responsible for unifying multiple
China sales and manufacturing operations to drive a consistent
strategy and market approach, which will help NN accelerate growth
both in China and globally.
NN operates three production facilities in China. Its Foshan
City plant produces high-quality metal stampings, electrical
contacts, and plastic molding parts, while two facilities in Wuxi –
including the Weifu joint venture – produce high-performance
precision machined components. Collectively, these facilities serve
high-profile customers across the automotive, aerospace, medical,
and industrial sectors.
“Our team in China does important work within the market and has
the potential to achieve even broader reach as we grow as a
company,” Mr. Bevis said. “As an engineer, Jeff understands what
our customers need. He’s an experienced leader with the talent to
unify our teams in China and establish NN as a preeminent supplier
not only within the region, but in support of our customers
worldwide.”
About NN, Inc.NN, Inc., a global diversified
industrial company, combines advanced engineering and production
capabilities with in-depth materials science expertise to design
and manufacture high-precision components and assemblies for a
variety of markets on a global basis. Headquartered in Charlotte,
North Carolina, NN has facilities in North America, Europe, South
America, and Asia. For more information about the company and its
products, please visit www.nninc.com.
Forward Looking StatementsExcept for specific
historical information, many of the matters discussed in this press
release may express or imply projections of revenues or
expenditures, statements of plans and objectives or future
operations or statements of future economic performance. These
statements may discuss goals, intentions and expectations as to
future trends, plans, events, results of operations or financial
condition, or state other information relating to NN, Inc. based on
current beliefs of management as well as assumptions made by, and
information currently available to, management. Forward-looking
statements generally will be accompanied by words such as
“anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,”
“guidance,” “intend,” “may,”, “will” “possible,” “potential,”
“predict,” “project” or other similar words, phrases or
expressions. Forward-looking statements involve a number of risks
and uncertainties that are outside of management’s control and that
may cause actual results to be materially different from such
forward-looking statements. Such factors include, among others,
general economic conditions and economic conditions in the
industrial sector; the impacts of pandemics, epidemics, disease
outbreaks and other public health crises, including the COVID-19
pandemic, on our financial condition, business operations and
liquidity; competitive influences; risks that current customers
will commence or increase captive production; risks of capacity
underutilization; quality issues; material changes in the costs and
availability of raw materials; economic, social, political and
geopolitical instability, currency fluctuation, and other risks of
doing business outside of the United States; inflationary pressures
and changes in the cost or availability of materials, supply chain
shortages and disruptions, and the availability of labor; our
dependence on certain major customers, some of whom are not parties
to long-term agreements (and/or are terminable on short notice);
the impact of acquisitions and divestitures; our ability to hire or
retain key personnel; the level of our indebtedness; the
restrictions contained in our debt agreements; our ability to
obtain financing at favorable rates, if at all, and to refinance
existing debt as it matures; unanticipated difficulties integrating
acquisitions; new laws and governmental regulations; the impact of
climate change on our operations; and cyber liability or potential
liability for breaches of our or our service providers’ information
technology systems or business operations disruptions. The
foregoing factors should be not be construed as exhaustive and
should be read in conjunction with the sections entitled “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” included in the Company’s
filings made with the Securities and Exchange Commission. Any
forward-looking statement speaks only as of the date of this press
release, and the Company undertakes no obligation to publicly
update or review any forward-looking statement, whether as a result
of new information, future developments or otherwise, except as
required by law. New risks and uncertainties may emerge from time
to time, and it is not possible for the Company to predict their
occurrence or how they will affect the Company. The Company
qualifies all forward-looking statements by these cautionary
statements.
Contact:
Tim
PetersMedia Contact+1 773 318 7558tim.peters@alphaadvgroup.com
Joseph Caminiti, CFAInvestor Relations
ContactNNBR@alpha-ir.com+1 312 445 2864
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